Target Corporation (TGT) To Go Ex-Dividend on August 12th

Target Corporation (NYSE:TGT) declared a quarterly dividend on Thursday, June 11th. Stockholders of record on Wednesday, August 12th will be paid a dividend of 1.16 per share by the retailer on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a 1.8% increase from Target’s previous quarterly dividend of $1.14.

Target has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 54 consecutive years. Target has a payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Target to earn $8.86 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 52.4%.

Target Trading Down 0.1%

Shares of Target stock opened at $149.50 on Monday. The firm has a market capitalization of $67.90 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target has a fifty-two week low of $83.44 and a fifty-two week high of $150.07. The stock has a 50 day moving average of $135.01 and a 200 day moving average of $124.64.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same period in the previous year, the firm earned $1.30 EPS. Target’s revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts predict that Target will post 8.32 earnings per share for the current year.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Target

Hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP lifted its holdings in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after purchasing an additional 11,047 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Target by 22.8% during the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after purchasing an additional 12,948 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after buying an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Target by 11.0% in the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after buying an additional 27,063 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.